ECARX secures RMB1.26B loan for Hubei Qiguang deal

Rhea-AI Filing Summary

ECARX Holdings Inc. has arranged a large syndicated loan to fund its previously announced acquisition of 100% of Hubei Qiguang Technology Co., Ltd. A wholly owned subsidiary, ECARX (Hubei) Ecological Investment, and ECARX (Hubei) Technology are co-borrowers under a facility of up to RMB1,260,000,000 (approximately US$185 million).

The loan runs for up to 10 years, bears floating interest at the 5‑year Loan Prime Rate plus 10 basis points, with interest paid quarterly and principal repaid semi‑annually starting December 2026. The borrowers pledged all equity in Hubei Qiguang and obtained its joint and several guarantee. Revenues of ECARX Ecological, ECARX Technology, and Hubei Qiguang must flow through supervised bank accounts that prioritize servicing the loan and always hold at least the next principal and interest installment.

Insights

Credit and capital structure analyst

ECARX secures long-term, tightly structured debt to fund its Hubei Qiguang acquisition.

ECARX Holdings is adding up to RMB1,260,000,000 (about US$185 million) of syndicated acquisition debt via its Hubei subsidiaries. The facility runs up to 10 years at a floating rate of 5‑year Loan Prime Rate plus 0.10%, aligning interest costs with Chinese benchmark rates.

The structure is creditor-friendly. ECARX Ecological has pledged 100% of Hubei Qiguang’s equity, while Hubei Qiguang has given a joint and several guarantee lasting three years beyond maturity of all obligations. This extends lender protection well past the scheduled loan term.

The account supervision agreement further tightens control: revenues of ECARX Ecological, ECARX Technology, and Hubei Qiguang must be deposited into supervised accounts, with cash first applied to debt service and a minimum balance equal to the next installment maintained. Future disclosures in company filings may clarify how this leverage and cash-lockup interact with broader liquidity and growth plans.

Key Figures

Syndicated loan facility size: RMB1,260,000,000 (approx. US$185 million) Loan term: Up to 10 years Interest rate: 5-year LPR + 10 bps per annum +4 more

7 metrics

Syndicated loan facility size RMB1,260,000,000 (approx. US$185 million) Aggregate principal amount to finance Hubei Qiguang acquisition

Loan term Up to 10 years Tenor of syndicated acquisition loan

Interest rate 5-year LPR + 10 bps per annum Floating rate, repriced every 12 months

Interest payment frequency Quarterly Cash interest servicing schedule

Principal repayment start December 2026 Semi-annual installments commence

Guarantee period 3 years after maturity Duration of Hubei Qiguang joint and several guarantee

Minimum supervised account balance Next principal and interest installment Required ongoing balance in supervised accounts

Key Terms

syndicated loan agreement, Loan Prime Rate (LPR), joint and several liability guarantee, account supervision agreement, +1 more

5 terms

syndicated loan agreement financial

"entered into a syndicated loan agreement (the “Loan Agreement”) with a banking syndicate"

Loan Prime Rate (LPR) financial

"bears interest at a floating rate equal to the 5-year Loan Prime Rate (LPR) plus 10 basis points"

joint and several liability guarantee financial

"Hubei Qiguang provided an irrevocable joint and several liability guarantee"

account supervision agreement financial

"The parties also entered into an account supervision agreement, under which each"

post-effective amendment regulatory

"incorporated by reference into the post-effective amendment No. 2 to the registration statement"

A post-effective amendment is an official update to a securities registration document filed after that document has become effective with regulators; it corrects, adds or replaces information about the securities, the company, or an offering. Investors care because it keeps the legal record current and can change what is being sold or the rights attached to shares — like getting a revised product manual after a launch that may affect value or use.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What syndicated loan did ECARX (ECX) secure in July 2026?

ECARX secured a syndicated acquisition loan facility of up to RMB1,260,000,000, approximately US$185 million. The borrowing is through ECARX (Hubei) Ecological Investment and ECARX (Hubei) Technology to finance the purchase of 100% of Hubei Qiguang Technology Co., Ltd.

What are the key terms of ECARX’s new syndicated loan facility?

The loan has a term of up to 10 years, with interest at the 5‑year Loan Prime Rate plus 10 basis points, repriced every 12 months. Interest is paid quarterly, and principal is repaid in semi‑annual installments beginning in December 2026.

How will ECARX use the RMB1,260,000,000 syndicated loan proceeds?

The proceeds must be used exclusively to fund the acquisition of 100% of the equity interests in Hubei Qiguang Technology Co., Ltd. This links the entire facility directly to financing that specific transaction rather than general corporate purposes.

What collateral and guarantees support ECARX’s syndicated acquisition loan?

ECARX (Hubei) Ecological Investment pledged 100% of Hubei Qiguang’s equity to the syndicate lenders. Hubei Qiguang also provided an irrevocable joint and several liability guarantee, which extends for three years after all obligations under the financing documents have matured.

What is the account supervision arrangement related to ECARX’s syndicated loan?

ECARX Ecological, ECARX Technology, and Hubei Qiguang must deposit their revenues into supervised accounts at a designated bank. Funds are applied first to service the syndicated loan, and those accounts must always hold at least the next principal and interest installment due.

How is this ECARX 6-K linked to the company’s existing registration statements?

This report on Form 6-K, including the syndicated Loan Agreement exhibit, is incorporated by reference into ECARX’s post-effective amendment No. 2 to its registration statement on Form F-1 on Form F-3 and its separate Form F-3 registration statement.

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Accepted by SEC EDGAR 07/01/2026 - 07:21 AM Learn about SEC filing dates

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 6-K

REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16 UNDER THE SECURITIES EXCHANGE ACT OF 1934

For the month of July 2026

Commission File Number: 001-41576

ECARX Holdings Inc.

(Translation of registrant’s name into English)

Second Floor North

International House

1 St. Katharine’s Way

London E1W 1UN

United Kingdom

(Address of principal executive office)

Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.

Form 20-F x      Form 40-F o

INFORMATION CONTAINED IN THIS REPORT ON FORM 6-K

On June 29, 2026, ECARX (Hubei) Ecological Investment Co., Ltd. (“ECARX Ecological”), a wholly-owned subsidiary of ECARX Holdings Inc. (the “Company”), together with ECARX (Hubei) Technology Co., Ltd. (“ECARX Technology”), as co-borrower, entered into a syndicated loan agreement (the “Loan Agreement”) with a banking syndicate for the purpose of financing the acquisition (“Acquisition”) of 100% of the equity interests in Hubei Qiguang Technology Co., Ltd. (“Hubei Qiguang”) as previously announced.

The Loan Agreement provides for a syndicated acquisition loan facility in an aggregate principal amount of up to RMB1,260,000,000 (approximately US$185 million). The loan bears interest at a floating rate equal to the 5-year Loan Prime Rate (LPR) plus 10 basis points per annum, repriced every 12 months. Interest is payable quarterly. The loan has a term of up to 10 years and is repayable in semi-annual installments commencing December 2026. The proceeds of the loan are to be used exclusively to fund the Acquisition.

In connection with the Loan Agreement, ECARX Ecological pledged 100% of the equity interests in Hubei Qiguang in favor of the syndicate lenders to secure all obligations under the Loan Agreement. In addition, Hubei Qiguang provided an irrevocable joint and several liability guarantee in respect of all obligations of the borrowers under the Loan Agreement. The guarantee period extends until three years after the maturity of all obligations under the financing documents. The parties also entered into an account supervision agreement, under which each of ECARX Ecological, ECARX Technology, and Hubei Qiguang is required to deposit its revenues into designated supervised accounts maintained with the supervisory bank. Funds in the supervised accounts must be applied first to service the syndicated loan, and at all times must maintain a minimum balance equal to at least the next installment of principal and interest due.

A copy of the Loan Agreement is included in this current report on Form 6-K as Exhibit 10.1 and the foregoing description of the Loan Agreement is qualified in its entirety by reference thereto.

This current report on Form 6-K, including the exhibit hereto, is incorporated by reference into the post-effective amendment No. 2 to the registration statement on Form F-1 on Form F-3 (File No. 333-271861) and registration statement on Form F-3 (File No. 333-288811) and shall be a part of such registration statements from the date on which this current report is furnished, to the extent not superseded by documents or reports subsequently filed or furnished.

EXHIBIT INDEX

Exhibit No.			Description
10.1			Syndicated Loan Agreement

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

ECARX Holdings Inc.

By						/s/ Dylan D. Jeng
Name			:			Dylan D. Jeng
Title			:			Chief Financial Officer

Date: July 1, 2026

Filing Exhibits & Attachments

1 document

Agreements & Contracts

• EX-10.1 EX-10.1 446.8 KB